Background*

Mr. Deepak Chowdhury is a Senior Vice President at Legg Mason, Inc. He joined the firm in 1997 and has held the position since October 2003. Mr. Chowdhury is the Senior Vice President at Legg Mason Wood Walker, Inc., since August 2003. He is the Chief Executive Officer at Legg Mason Investments. Mr. Chowdhury has served in a number of capacities in Legg Mason Inc.'s asset management business and is responsible for its wealth management division. He was the Chief Executive ... Officer at Legg Mason Investments (Europe) Limited. Mr. Chowdhury was formerly the President of Global Fund Consultants, Inc. from 1994 to 1997 and Senior Vice President and Director of Managed Products Group, Lehman Brothers, Inc. from 1987 to 1994. He was a Director at Legg Mason International Equities Limited. Mr. Chowdhury is a Director at Barrett Associates, Inc., Bartlett & Co, Berkshire Asset Management Inc., and Bingham Legg Advisers, LLC. He has served as a Director at Batterymarch Financial Management, Inc. and also served as a Director at Legg Mason Global Funds plc until April 4, 2007.

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